Reuters UK Business

(Reuters) – Britain’s auction to ensure enough electricity capacity for 2025/26 has cleared at a 30.59 pounds ($41.54) per kilowatt (kW) per year range, National Grid said. A total quantity of 42.36 gigawatts (GW) of capacity was procured, National Grid said. Britain launched its power capacity market in 2014, offering to pay providers for making …

UK electricity 2025/26 capacity auction clears at 30.59 pounds/kW/year Read More »

(Reuters) -Construction firm Hochtief AG made a A$1.47 billion bid on Wednesday to buy the remaining 21.42% stake in Australia’s CIMIC Group Ltd it does not already own. The offer of A$22 ($15.97) per share was at a 33.4% premium to Cimic’s last close on Feb. 23. Hochtief, Cimic’s biggest shareholder, said it plans to …

Germany’s Hochtief makes A$1.47-billion bid for remaining shares of Australia’s Cimic Group Read More »

By William James and Guy Faulconbridge LONDON (Reuters) – Britain will stop Russia selling sovereign debt in London after President Vladimir Putin deployed military forces into two breakaway regions of eastern Ukraine, Foreign Secretary Liz Truss said on Wednesday. The move is in line with other incremental steps Western countries have taken this week to …

UK to stop Russia selling sovereign debt in London Read More »

PARIS (Reuters) -Hollywood actor Leonardo DiCaprio has bought an equity stake in French champagne house Telmont, its majority owner Remy Cointreau said on Wednesday, as luxury brands strike partnership deals with celebrities to broaden their appeal. “From protecting biodiversity on its land, to using 100% renewable electricity, Champagne Telmont is determined to radically lower its …

Filmstar Leonardo DiCaprio invests in French champagne brand Telmont Read More »

LONDON (Reuters) – British Prime Minister Boris Johnson’s office and the Treasury have called in finance bosses and regulators to discuss how to ensure recently-announced sanctions on Russia are effective, the BBC’s political editor Laura Kuenssberg said on Twitter. It is likely that Johnson will announce some additional military support for Ukraine, said Kuenssberg, adding …

UK calls in finance heads and regulators to talk sanctions – BBC editor Read More »

By Dominique Vidalon PARIS (Reuters) -Danone delivered stronger-than-expected sales growth in the last quarter of 2021 despite a challenging environment marked by mounting inflation, even as the yoghurt maker’s new chief said much remained to be done to turn the company around. Antoine de Saint-Affrique, who took over as chief executive of the French group …

Danone quarterly sales beat estimate, inflation in focus Read More »

PARIS (Reuters) – The Ukraine crisis means the European Central Bank should keep its monetary policy options open and remain flexible on how policy is transmitted to the economy, ECB policy maker Francois Villeroy de Galhau said on Wednesday. Villeroy, who is also governor of the French central bank, said that French banks’ and insurers’ …

Ukraine crisis means ECB needs to keep options open – Villeroy Read More »

(Reuters) – European bourses rose in early trading on Wednesday, supported by some strong earnings reports, while investors took stock of Western sanctions against Moscow over its standoff with Ukraine. The pan-European STOXX 600 index gained 0.8% by 0810 GMT, steadying after a sell-off this week pushed it briefly to a seven-month low on Tuesday. …

Earnings spur relief rally in European stocks Read More »

MADRID (Reuters) – Spanish airport operator AENA said on Wednesday its 2021 loss narrowed by half, as passenger traffic through its terminals recovered some ground from the pandemic-induced slump. The group cut its net loss to 60 million euros ($68.02 million) from 126.8 million euros a year earlier, while total revenue climbed 6.7% to 2.39 …

Airport operator AENA pares 2021 loss as traffic recovers Read More »